Blackstone's (BX) Perpetual Private Equity Strategy Fund To Acquire Champions Group

​Blackstone Inc. (NYSE:BX) is one of the Best Dip Stocks to Buy According to Hedge Funds. On February 17, Blackstone Inc. (NYSE:BX) announced that its perpetual private equity strategy fund (BXPE) has entered an agreement to acquire Champions Group from Odyssey Investment Partners.

​Champions Group is one of the top home services companies that offers a unique platform with essential residential services, including repairs and replacements in major US metropolitan areas. The group has more than 1,800 field technicians and roughly 150,000 active members enrolled through a subscription model.

​Management noted that Champions Group has expanded organically through acquisitions over the past 5 years under Odyssey. The deal aligns with Blackstone Inc.’s (NYSE:BX) aim to expand into a multi-service powerhouse and also fits the company’s strategy to build platforms in fragmented industries such as home services.

​While no financial details were disclosed, the deal is expected to close in the first half of 2026 and is pending standard business approvals.

​Michael Staub, Senior Managing Director, and Maury Bardovi, Managing Director at Blackstone, said:

​“We are thrilled to partner with Frank DiMarco and Odyssey as we continue to build Champions Group into a multi-service residential services platform. By bringing together best-in-class essential services under one umbrella, we have an opportunity to redefine what homeowners expect from a residential services provider—exceptional quality, reliability, and scale, all delivered locally.

​Blackstone Inc (NYSE:BX) is an alternative investment management company. It serves institutional and individual investors. With more than $1 trillion of assets under management, Blackstone is the world’s largest alternative asset manager.

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Disclosure: None. This article is originally published at Insider Monkey.